https://www.taxtmi.com/caselaws?id=794253 Section 153C satisfaction must be recorded immediately after completion of the searched person's assessment; "immediately" was held not to mean merely within a reasonable time. Applying that principle, the HC found a delay of nearly 10 months between completion of the searched person's assessment and the satisfaction note, which failed the jurisdictional requirement for initiating proceedings. The Court also noted that the cash and jewellery relied on had been seized from the petitioner's premises and locker, making the delay in recording satisfaction even less justifiable. The impugned notices under Section 153C were therefore invalid and liable to be quashed. en-us Wed, 24 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794253 Section 153C satisfaction must be recorded immediately after completion of the searched person's assessment; "immediately" was held not to mean merely within a reasonable time. Applying that principle, the HC found a delay of nearly 10 months between completion of the searched person's assessment and the satisfaction note, which failed the jurisdictional requirement for initiating proceedings. The Court also noted that the cash and jewellery relied on had been seized from the petitioner's premises and locker, making the delay in recording satisfaction even less justifiable. The impugned notices under Section 153C were therefore invalid and liable to be quashed. Case-Laws Income Tax Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794253